Manhattan Bridge Capital (LOAN) Q1 2026 earnings summary

Executive summary

• Specializes in short-term, secured, non-banking loans to real estate investors in NY, NJ, CT, and FL, focusing on first mortgage liens and personal guarantees from borrowers' principals.

• Net income for Q1 2026 was $1.27M ($0.11 per share), down 7.2% year-over-year due to lower revenue, partially offset by reduced interest expense.

• Total revenue for Q1 2026 was $2.07M, down 9.1% from Q1 2025, mainly due to lower interest income and origination fees.

• No loan losses or foreclosures in the reporting period; one prior foreclosure resolved with full payoff.

• Loan pay-offs and new deployments showed encouraging activity, but the impact of the war with Iran remains uncertain.

Financial highlights

• Interest income from loans was $1,699,330 in Q1 2026, down from $1,833,914 in Q1 2025.

• Origination fees were $368,314 in Q1 2026, compared to $439,799 in Q1 2025.

• Operating costs and expenses totaled $797,820 in Q1 2026, down from $905,079 in Q1 2025.

• Net cash provided by operating activities was $1,258,734 in Q1 2026.

• Cash at March 31, 2026 was $184K, compared to $205K at December 31, 2025.

Outlook and guidance

• Management expects current cash, available credit, and operating cash flows to be sufficient for at least the next 12 months.

• Working capital requirements are expected to increase as growth opportunities are pursued.

• Management noted stronger real estate markets in core regions and an encouraging level of loan activity, but cautioned that the effects of geopolitical events are still unclear.